Hedera HBAR Soars 49% as Major UK Banks Leverage Blockchain for $10B Asset Settlement

Lloyds Bank and Aberdeen Investments have utilized Hedera's blockchain infrastructure to complete $10 billion in tokenized asset settlements, marking a major step in institutional blockchain adoption. The transactions involved digital representations of money market funds and UK government bonds, fully compliant with existing financial regulations.

Hedera's collaboration with Accenture to develop AI transparency tools for government agencies further highlights its expanding role in both financial and public sectors. Technical analysis shows HBAR breaking out of a falling wedge pattern, with analysts eyeing $0.70 as the next resistance level.

This successful implementation by prominent UK financial institutions sets a precedent for regulated blockchain adoption in traditional finance. Market experts suggest this could accelerate broader distributed ledger technology (DLT) integration across European banking systems.